Yaydoo

Yaydoo is a Mexican business-to-business financial technology company that builds software to automate and centralize corporate collections, payments, procurement and financial reconciliation. Its product lines cover accounts receivable with payments, accounts payable with expense management, LATAM AR/AP, and FX/payouts, alongside a collections product (referenced as PorCobrar) that reduces delinquency through automated reminders, invoicing and reconciliation with real-time reporting, and a payments product (Oyster Payments) that centralizes and automates large-scale disbursements with direct integrations to ERPs such as Oracle NetSuite and custom development. A third area centralizes quotations, tenders and supplier management to improve budget control [0][1][2].

The company describes itself as a B2B financial management platform providing cash-flow management, access to liquidity, and connections to digital financial tools, and has also been characterized as a procurement platform combining cloud-based procure-to-pay software with AI tools for automated vendor management, integrating vendor catalogs with pre-negotiated discounts and a virtual procurement assistant that mediates communication between requesters and vendors [3][4][5].

Yaydoo serves small and midsize businesses as well as enterprises, positioning tiered capabilities by customer size: invoicing and collections automation for SMEs, scalable payment reception and digital account statements for mid-market companies, and automated reconciliation and financial analysis for enterprises [0][1][3].

Founding story

Yaydoo was founded in 2016 by Sergio Almaguer (CEO), Guillermo Treviño (CTO) and Roberto Riveroll (CBDO). The company explains its name as a combination of "Yay", an expression of happiness, and "Doo", from the English verb "do", intended to convey "the pleasure of getting things done" [2].

Business model

Yaydoo licenses financial automation software to companies of varying size, offering configurable and custom-developed modules for receivables, payables, payments, procurement and reconciliation that integrate directly with customers' ERP and accounting systems, including Oracle NetSuite and CONTPAQi [0][1][2][6].

Traction

The company's site cites more than 1,200 companies as customers, management of over 6MMD in collections and past-due portfolio, and claims of 70% time savings on manual tasks. At the time of the 2021 Series A, coverage reported that Yaydoo had quadrupled its customer base over the prior year and had over 70,000 companies registered on its network [0][1][5].

Latest developments

In October 2022, Yaydoo acquired Oyster Financial, a Mexican payments and financial services provider for freelancers and SMEs founded in 2018 by Vilash Poovala and Gabriel León; Poovala, previously CTO of Clip, became Yaydoo's CTO. The announcement noted that Yaydoo had recently been acquired by Paystand, and that the combined solution enables payments and collections through financial management software such as CONTPAQi via Yaydoo's centralized platform [6].